Walter Hale explains why you need to be keeping your eye on the Internet of Things.
Clothes that adjust to the temperature, vacuum cleaners operated by text messages and cars that drive themselves … these are some of the much-hyped innovations that could be spawned by the advent of the Internet of Things (IoT). Yet uber-management consultants McKinsey suggest that the media have misunderstood this revolution. Innovations aimed at the consumer generate plenty of headlines, but they argue that the IoT could have a more profound impact in the B2B world, where it will rewrite the rules of competition, create new business models, and transform the way companies use technology. To take one example relevant to wide-format printing, every printer could be fitted with sensors that predict when maintenance will be required and analyse workflows to improve efficiency. We’re starting to see the beginnings of it, but before we look too far ahead, let’s take a step back.